London emerges as world’s most crypto-ready city for business — Research
1 min read
Along with pro-crypto regulations, mainstream adoption of cryptocurrencies requires a supporting infrastructure that can allow the general public access and exposure to the ecosystem. When considering eight key indicators around taxes, ATMs, jobs and events in crypto, London stands at the top as the most crypto-ready city in the world for businesses and start-ups.
UK Prime Minister
Steering forward in the quest to stay at the forefront, the Bank of England (BoE) and the United Kingdom Treasury highlighted the need to create a central bank digital currency (CBDC) by 2030.
Cointelegraph previously reported that sources claim that the “digital pound” roadmap is set to be introduced by mid-February. The UK reportedly experienced a 35% drop in cash and coin payments in 2020 — a clear indication of an incoming era of digitization.
